36. Intel

Undergrad Internships

Internship hiring for 2008 is not complete

Undergrad internships (paid and unpaid)

2008: 310 (to date)

2007: 415

2006: 621

100% of internships are paid, 0% are unpaid.

2007 interns came from the following classes...

3*% Freshman

10% Sophomores

85% Juniors

2% Seniors

...and from the following majors:

4% Business

14% Computer Science

1% Economics

72% Engineering

1% Liberal Arts

1% Math

3% Science

0% Undeclared

4% HR, Marketing, CIS, Supply Chain

There is an official summer internship program*

Average summer program: 12 weeks

Minimum: 12 weeks

Maximum: 52 weeks

Average hourly wage: $21.00

Average total intern compensation: $15,000

25% of eligible 2007 interns received full-time job offers

82% of interns with offers accepted

Notes: Grade levels are an estimate

Program is year-round with increased corporate-sponsored events to support higher number of interns from May-Aug. Total compensation includes estimated average salary, overtime, and relocation for three months.

Applicants & New Hires

Recruited on 50 undergrad campuses in 2007-08.
Made job offers on 47 undergrad campuses.

Applicants for entry-level jobs

2008: 9,707 (to date)

2007: 7,855

2006: 8,200

Entry-level hiring

Entry-level hiring is not complete for 2008.

New hires in:

2008: 691 (to date)

2007: 802

2006: 1,005

Entry-level hires who were undergrad interns

2008: 34% (to date)

2007: 42%

2006: 28%

Most important characteristics for new hires:

1 College Major

3 Work Experience

2 College GPA

2007 entry-level hires came from the following majors:

15% Business

11% Computer Science

2% Economics

62% Engineering

1% Liberal Arts

1% Math

4% Science

0% Undeclared

4 HR, Marketing, CIS, and Supply Chain% Other

...and are:

4% African American

5% Hispanic American

52% Asian American

1% Other

62% Total minorities

30% Female

Salary & Benefits

Entry-level hires since Jan. 1, 2008 (to date)

Average base salary:
$60,000 to $64,999

0% earn less than $35,000

0% earn $35,000 to $39,999

2% earn $40,000 to $44,999

7% earn $45,000 to $49,999

6% earn $50,000 to $54,999

17% earn $55,000 to $59,999

36% earn $60,000 to $64,999

26% earn $65,000 to $69,999

5% earn $70,000 to $74,999

1% earn $75,000 and above

Bonuses, Overtime & Perks

69% received signing bonuses

Average signing bonus: $7,200

100*% received performance bonuses in their first year on job

Average performance bonus, 2007: $1,800

0% of 2007 entry-level hires eligible for overtime

100% of 2007 entry-level hires not eligible for overtime

Reimburse employees for education expenses? Yes

Do employees become eligible immediately? Yes

Maximum annual education reimbursement: $50,000*

Full grad school sponsorship for jr. level employees? Yes

Partial grad school sponsorship for jr. level employees? Yes

Time Off

Total paid vacation days

Vacation days during first year: 15

Vacation days after one year: 15

Vacation days after three years: 15

Vacation days after five years: 15

Vacation days after 10 years: 20

Total paid holidays: 9

Paid time off for religious observances and/or floating holidays:

Floating holidays/religious observance days off per year: 1

Paid sick/personal days allowed in first year: unlimited

Flextime is not an option for entry-level employees*

Health Benefits

Do entry-level hires have access to health plan? Yes

Employees pay part of the cost? Yes

Does health plan provide dental coverage? Yes

Extra charge for dental coverage? No*

Does health plan provide vision coverage? Yes

Extra charge for vision coverage? No

Are same sex partners permitted as dependents? Yes

Pension and Profit-sharing

Do entry-level hires have access to 401(k)? Entry-level hires are given access to a 401(K) savings plan

Max. company match as a percentage of salary: NA%

Min. employee set-aside as a percentage of salary to receive max. co. match: NA%

401(k) Details: In lieu of a 401(k) match, every U.S. employee, whether enrolled in a 401(k) or not, is given an annual profit-sharing contribution to his/her retirement fund. In 2007, that contribution was seven percent of eligible earnings.

Are entry-level hires eligible for company funded pension? Yes

Are entry-level hires eligible for profit-sharing program? Yes

Other Benefits

Does company match employee charitable gifts? Yes

Does company pay relocation expenses? Yes

Max. annual relocation expenses? $22,000

Employee Discounts on the following:

Car rentals

Gym memberships

Cell phone service

Insurance

Cultural events

Publications

Other discounts

Notes: 100% of new hires receiving performance bonus is an estimate; all 2007 hires are eligible for a prorated bonus payout.

Full-time and part-time employees receive tuition assistance for eligible programs up to 100% and 62.5%, respectively. Intel reimburses up to $50,000 for any graduate-level business program, including an Executive MBA.

Dental coverage for dependants costs extra..

Intel does not have a flex-time policy. However, where feasible and at the manager's discretion, Intel allows for flexible work arrangements such as alternative start times, telecommuting, part-time employment, and job sharing.

Work Environment

Average entry-level work week: 40 hours

Does average vary by business unit, department? Yes

Entry-level hire work locations...

0% in open work stations

100% in cubicles

0% in shared offices

0% in private offices

0% have no company-supplied work space

Typical dress code

Business Casual

Casual

Organization sponsors employee volunteer opportunities

Does organization have fitness facilities on site? Most locations

Training Programs

The organization has a formal orientation program for new hires

Program length: 1 days

Orientation includes the following:

Guest speakers

Team building activities

Facilities tour

Benefits overview

Overview of Intel Corporation

$2,767 average spent on training, per new hire, in 2007

There is a formal leadership or management training program that lasts less than a year:

Program Name: New to Manager

How do new employees enter the program? Automatic

If not hired directly into program, when are most new hires first considered eligible? Other (explain below)

New hires become eligible for the New to Manager program when they first become managers of people.

9-week training program

After completion of program, what percentage of employees receive a raise? NA

How much is the typical raise: NA

There is not a formal leadership program for entry-level hires that lasts a year or more.

How do new employees enter the program?

If not hired directly into the program, when are most new hires first considered eligible?

Is program rotational?

If so, how many locations or business units does the employee spend time at?

Minimum rotations:

Maximum rotations:

Length of program, in weeks:

Minimum: weeks

Maximum: weeks

After completion, what percentage of employees receive a raise?:

How much is the typical raise:

Does company have formal mentorship program? No*

NA% of entry-level hires participate

30 days of additional training expected

Notes: Business units have their own mentoring programs and employees are not automatically assigned.

Getting Ahead

Three-year retention rate: 69%

Five-year retention rate: 58%

How are raises determined?

Performance*

When are most entry-level hires eligible for their first raise?

6 months to 1 year

How are promotions determined?

Performance

When are entry-level hires eligible for first promotion?

6 months to 1 year

Evaluations

Frequency of evaluations

Annually*

Most important characteristics for entry-level hires:

3 Analytical Skills

2 Customer Satisfaction

1 Quality

Min. tenure in years required for job change: 1

Transfer rules: Employees seeking transfers must be in good standing (i.e. they are not on a Corrective Action Plan and do not have any written warnings).

Long-Term Prospects

Does position of vice president exist at this organization? Yes

If not, is there a comparable title?

No. of employees who hold VP or similar title: 118

No. of employees with VP or similar title with 20 years plus seniority: 69

Age of youngest employee with VP or similar title: 37

Seniority of youngest employee with VP or similar title in years: 15

Notes: Employees' pay can also be adjusted based on special market adjustments as part of a standard compensation analysis across Intel?s regions where the company does business.

Managers are strongly encouraged to provide on-going performance management throughout the year in addition to the formal annual review.